French development agency signs agreement with GGGI to boost global Article 6 readiness
The Agence Francaise de Developpement (AFD) has signed an agreement with the Global Green Growth Institute (GGGI) to help build Article 6 capacity around the world, they announced Wednesday.
Read MoreBRIEFING: Carbon removal buzz builds as SBTi signals ‘interim’ targets poised to form part of new standard
The carbon removal sector is growing excited after the Science Based Targets initiative (SBTi) signalled it may include “interim” targets for negative emissions in its hotly-anticipated revision to the flagship Corporate Net-Zero Standard.
Read MoreResearchers urge rethink of biochar durability as carbon removal solution
The market may be underestimating the climate role of biochar, with the carbon removal type still accounting for the lion’s share of tangible supply available to buyers in the sector, according to new research.
Read MoreBRIEFING: Global carbon market traded volume surges in 2024, valuation remains flat -analysts
Global carbon markets saw their value marginally rise to above €800 billion in 2024, according to annual research published by analysts, while traded volume jumped by almost 25% year-on-year amid buoyant activity across nearly all systems.
Read MoreICAO to assess Paris crediting mechanism units for CORSIA once time is right -TAB chair
The chair of UN aviation agency ICAO’s technical body has said that new Paris Agreement units will be assessed for the CORSIA scheme once the mechanism is ready.
Read MoreBP to further scale back green investments, amid wider oil industry retreat from clean energy
BP has become the latest large fossil fuel company to announce a step away from investment in green energy, following a string of recent announcements from oil and gas producers reigning in climate targets.
Read MoreFEATURE: UK-EU ETS linking back on the table, raising cautious optimism ahead of talks
Recent news that the EU and UK plan to discuss the potential for linking their emissions trading schemes at a summit this spring sparked a flurry of buying that has driven benchmark UK Allowances to multi-month highs – but there’s a long way to go before any tangible agreement on a link-up can be made, analysts warn.
Read MoreVCM Report: CORSIA carbon futures slip as uncertainty continues to bite
Standardised CORSIA Phase 1 contracts slipped last week amid ongoing uncertainty around US participation in the scheme, even as liquidity on futures jumped, while credit retirements remained below the 2024 weekly average despite analysts forecasting a record year for the market on the demand side.
Read MorePREVIEW: Article 6 methodological work underway as focus switches to implementation
The Supervisory Body for the Article 6.4 mechanism (SBM) will meet for the first time this week since the historic carbon markets agreement at COP29 in Baku, with implementation on the agenda as the UN body seeks to push forward with key methodological work for Paris Agreement carbon crediting.
Read MoreKenyan energy company to tender 1.8 mln CDM carbon credits
A Kenyan power company and carbon project developer will tender in February around 1.8 million carbon credits issued last year to geothermal energy projects under the UN’s Clean Development Mechanism (CDM).
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